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RBC plans 18-month bullish enhanced notes on Energy Select Sector SPDR
By Susanna Moon
Chicago, March 4 - Royal Bank of Canada plans to price 0% bullish enhanced return notes due Sept. 28, 2012 linked to the Energy Select Sector SPDR fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the fund, up to a maximum return of 22% to 26%. The exact cap will be set at pricing.
Investors will be exposed to any losses.
RBC Capital Markets Corp. is the underwriter.
The notes will price on March 28 and settle on March 31.
The Cusip is 78008KS53.
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